I just paid $44,000 in federal, state and payroll taxes on
$100,000 in income for my wife and I. They get $44,000 we got
$64,000. This does not include the eventual town taxes and sales
taxes.
I can assure you that it disincents me from continuing the
struggle and risks of business. And hiring, what do you think I
think about hiring anyone? I avoid it like the plague. We just get
by with temps and other forms of temporary help.
So much for all the wining about business not paying taxes. When
the money comes out of the business we all pay plenty of
tax.
I sold my business when the guvmint took 63 cents out of the
last dollars I was making. I found a way that earned less overall
but after tax was not much different, and there was a lot less
stress and risk. That was almost 20 years ago. As Bill Clinton said
, I feel your pain.
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Fundimentals - What's wrong with the Economy
Posted by jroger on 26th of Dec 2013 at 01:57 pm
I just paid $44,000 in federal, state and payroll taxes on $100,000 in income for my wife and I. They get $44,000 we got $64,000. This does not include the eventual town taxes and sales taxes.
I can assure you that it disincents me from continuing the struggle and risks of business. And hiring, what do you think I think about hiring anyone? I avoid it like the plague. We just get by with temps and other forms of temporary help.
So much for all the wining about business not paying taxes. When the money comes out of the business we all pay plenty of tax.
I sold my business when
Posted by randy on 26th of Dec 2013 at 03:10 pm
I sold my business when the guvmint took 63 cents out of the last dollars I was making. I found a way that earned less overall but after tax was not much different, and there was a lot less stress and risk. That was almost 20 years ago. As Bill Clinton said , I feel your pain.